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Sagot :
The value of the property after the depreciation of 30% is $156,000.
What is depreciation?
An asset loses value over time as a result of use, damage, or obsolescence. Depreciation is the measurement for this decline.
Calculation for the value of property after depreciation:
The added value of the land is $44,000.
The replacement cost of the building is $160,000.
There is a depreciation of 30% of $160,000.
(30×160,000)/100 = 48,000
$160,000 replaced cost - depreciation of $48,000 = $112,000.
The total cost = $112,000 + $44,000
= $156,000
Therefore, the total value of the property after 30% depreciation is $156,000.
To know more about the depreciation and replacement cost, here
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